CITIC Securities: In the medium to long term, it is expected that cryptocurrencies will benefit from the monetization brought about by de-globalization and de-dollarization
ChainCatcher news, according to Jinshi reports, Citic Securities research report indicates that cryptocurrencies have good privacy and anti-inflation properties, growing rapidly since their inception, and are gradually being formalized as assets. As the demand for cryptocurrencies expands, it forms a fundamental demand similar to gold, establishing a speculative pricing pattern.However, in the short term, due to insufficient monetization and the high risk appetite of marginal price setters, cryptocurrencies are even more speculative. In the medium to long term, it is expected that both cryptocurrencies and gold will benefit from the monetization brought about by de-globalization and de-dollarization. "Future gold" does not necessarily include Bitcoin, but it is highly likely to include cryptocurrencies. In the short term, cryptocurrencies are expected to benefit from potential regulatory easing during Trump's term, but certainty in trade and foreign policy needs to be awaited.